Timing and Applicability Sample Clauses
The "Timing and Applicability" clause defines when certain provisions of an agreement take effect and to which situations or parties they apply. It typically outlines specific dates, events, or conditions that trigger the start or end of obligations, and clarifies whether the clause covers all parties or only certain transactions. By establishing clear parameters for when and how the agreement's terms are enforced, this clause helps prevent misunderstandings and ensures that all parties are aware of their responsibilities at the appropriate times.
Timing and Applicability. As of each Incentive Allocation Time, all Incentive Allocations will be determined as to each Limited Partner to which that Incentive Allocation Time is applicable. Each Incentive Allocation will be determined after all adjustments provided for in Section 4.6.1 to Loss Carryforward Accounts have been computed for the Period ending at the applicable Incentive Allocation Time.
Timing and Applicability. As of each Incentive Allocation Time, the Incentive Allocation will be determined as to the Fund and each Unit therein.